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Orient Cables (India) gets Sebi's nod to raise Rs 700 crore via IPO

17 Dec 2025 Evaluate

Orient Cables (India) has received the Securities and Exchange Board of India’s (SEBI's) approval to raise Rs 700 crore through an initial public offering (IPO). The public offer comprises both a fresh issue and an Offer for Sale (OFS) by promoters. The fresh issue consists of equity shares worth Rs 320 crore, while the OFS comprises equity shares aggregating to Rs 380 crore, taking the total offer size to Rs 700 crore.

Proceeds from the fresh issue worth Rs 91.50 crore will be used to fund capital expenditure for the purchase of machinery, equipment, and civil works at the company's manufacturing facilities. In addition, Rs 155.50 crore will be used for repayment or partial prepayment of certain outstanding borrowings and a portion will also be allocated for general corporate purposes. IIFL Capital Services and JM Financial have been appointed by the company to manage its public offering. The equity shares of the company are proposed to be listed on BSE and NSE. 

Orient Cables is a manufacturing company with a primary focus on networking cables and passive networking equipment, catering to high-growth industries, including broadband, telecom, data centres, renewable energy and smart building automation.


Peers
Company Name CMP
Polycab India 7546.95
KEI Industries 4459.25
RR Kabel Ltd. 1368.90
Finolex Cables 847.15
Precision Wire India 341.30
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